Cochlear (ASX:COH) close to 2016 lows after FY26 loss cuts A$11.7bn
Cochlear Limited wraps up the final ASX session of FY26 almost flat compared to FY16, even after ten years of sales gains and product launches. The hearing-implant group's shares ended Monday at A$121.08, just 17 cents under MarketIndex's close from June 30, 2016 at A$121.25. Shares remain well off the A$300.42 level seen at the end of FY25. With 65,398,917 shares outstanding, the slump from A$300.42 down to A$121.08 has cut around A$11.7 billion off the company’s equity value on a price-only basis. The company's market cap is now about A$7.9 billion, less than what the stock has lost since last June.